Moneyway Welcome Pack - Procedure Guide - Flipbook - Page 6
Product Guidelines
and Criteria
Excluded Vehicles
• Vehicles intended to be used for income generation
(e.g. taxi, private hire, courier)
• Commercial Vehicles
• Winnebago, Vans or Pickup Trucks
• Imported Vehicles, Parallel or Grey Imports
• Left Hand Drive Vehicles
• Non-Manufacturer Modified Cars
• Ex-Ministry of Defence Vehicles
• Vehicles with missing or obscured provenance
(e.g. the Vehicle has been out of the country for an extended
period of time)
• Insurance write-offs (all categories)
Decline Credit Policy Rules
• Applicant’s age is under 21 or over 75 years old at the time
of application
• Unacceptable employment status detected in
application data
• Foreign address detected in the last 3 years in
application data
• One or more CCJs found in last 36 months with a value
≥£5,000
• Secured loans 1 or more in arrears will result in a decline
• Unsecured loans 2 plus payments in arrears will result
in a decline
• Applicant is in an existing Debt Management Plan
• Bankruptcy detected will result in a decline
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